BitcoinLong
BTC/USDT Short term long
📈 BTC/USDT Analysis Update
The market just touched the bottom, completing wave 5 🔽, but it was very short, almost truncated ✂️. A bullish divergence formed on the 1H chart 🐂📈, and we saw a nice bounce. Currently, the horizontal resistance has been reclaimed, turning it into a support flip 🔄.
💡 Target for this move should be somewhere between the 0.5 - 0.65 Fib levels, which range from 63,300 USD to 64,500 USD.
However, the major resistance remains the light blue diagonal trendline ⚠️, along with the yellow resistance line at 61,900 USD.
🚨 Not financial advice!
The market just touched the bottom, completing wave 5 🔽, but it was very short, almost truncated ✂️. A bullish divergence formed on the 1H chart 🐂📈, and we saw a nice bounce. Currently, the horizontal resistance has been reclaimed, turning it into a support flip 🔄.
💡 Target for this move should be somewhere between the 0.5 - 0.65 Fib levels, which range from 63,300 USD to 64,500 USD.
However, the major resistance remains the light blue diagonal trendline ⚠️, along with the yellow resistance line at 61,900 USD.
🚨 Not financial advice!
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